- Business
- Rich Development Co., Ltd. (5512.TWO) engages primarily in construction and real estate development; it develops, leases and sells residential buildings including luxury apartments, boutique housing projects such as Li Chi Chi Yu, Li Chi Yu Pin, Li Chi Chia Chia Fu Fu and Tianmu West Road; constructs commercial buildings, offices, shops and parking lots; operates sewage treatment plants and wastewater treatment projects including water treatment engineering, piping engineering, industrial wastewater treatment, soil water pollution treatment and wholesale of pollution prevention equipment; manages tourist hotels, resort hotels, travel agencies, general hotel operations, waste cleaning, environmental hygiene, environmental protection engineering and aerial tramways; generates power through renewable energy sources; provides environmental testing services; and invests in manufacturing and financial businesses. Founded on July 30, 1992 and headquartered at 8F., No. 99, Jilin Road, Zhongshan District, Taipei, Taiwan, the company listed on the Taipei Exchange in 1998 and operates principally in the domestic Taiwan market with extensions into environmental protection projects abroad. Originating from the Lealea Group, a textile manufacturer, it maintains affiliations including subsidiaries like LEALEA HOTELS & RESORTS CO., LTD. (5364), into which it invested NT$78 million in late 2020 via a cash capital increase subscribing 6 million shares, and related entities such as Forest Water Environmental Engineering Co., Ltd., Ho Ching Enterprises Co., Ltd. and Li Peng Enterprise Co., Ltd. In November 2025, Rich Development acquires 800,000 shares of Honyi Precision Industry Co. for NT$19.2 million through private placement, marking a strategic expansion into precision manufacturing investments. The company emphasizes urban renewal projects, humanistic product design, customer service and value-for-money residential offerings amid stable real estate demand, while advancing water resources and tourism segments in line with national infrastructure plans.